What is USDC?
USDC is a stablecoin that is pegged to the U.S. dollar on a 1:1 basis. Every unit of this cryptocurrency in circulation is backed up by $1 that is held in reserve, in a mix of cash and short-term U.S. Treasury bonds. The Centre consortium, which is behind this asset, says USDC is issued by regulated financial institutions. The stablecoin originally launched on a limited basis in September 2018. Put simply, USDC’s mantra is “digital money for the digital age” — and the stablecoin is designed for a world where cashless transactions are becoming more common. Several use cases have been unveiled for the USDC.…
TokenTopNews coverage for USDC
Hyperliquid Whale 5bro.eth Deposits $1.5M USDC to Trim $12M ETH Short
The core event is straightforward on its face: a wallet tied to the 5bro. eth identity added fresh stablecoin margin to its account on Hyperliquid, the...
Circle Mints Another $500 Million in USDC on Solana
Circle has minted another $500 million in USDC on Solana, adding fresh stablecoin supply to one of the network’s most active settlement layers and renewing...
